Question: please help me solve this homework problem fast and with accuracy thanks The income statement for the year 2018 of Sheffield Co. contains the following
please help me solve this homework problem fast and with accuracy thanks

The income statement for the year 2018 of Sheffield Co. contains the following information: Revenues $70200 Expenses: Salaries and Wages Expense $45100 Rent Expense 12000 Advertising Expense 9700 Supplies Expense 5400 Utilities Expense 2500 Insurance Expense 2100 Total expenses 76800 Net income (loss) $ (6600) After the revenue and expense accounts have been closed, the balance in Income Summary will be ' a credit balance of $6600. ' a debit balance of $6600. \\" a credit balance of $70200. ' $0
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